May 26, 2023
Annual Report, Bank of Canada Review, Bank of Canada Review articles, Books and monographs, Souvenir books, Business Outlook Survey, Financial System Review, Financial System Review articles, Monetary Policy Report, Quarterly Financial Report, Senior Loan Officer Survey
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May 18, 2023
Financial System Review—2023
The adjustment to higher interest rates is exposing vulnerabilities in the global financial system. Recent banking sector stresses serve as a reminder that risks can arise and spread quickly. Key areas of concern are bank funding, liquidity in fixed income markets, and households’ ability to service their debts. Other financial system concerns relate to cyber attacks, climate change and cryptoasset markets. -
April 24, 2023
Annual Report 2022
The Annual Report outlines the Bank’s activities and achievements in 2022. It includes the financial statements and a message from Governor Tiff Macklem. -
April 12, 2023
Monetary Policy Report – April 2023
Inflation in Canada remains high but should come down quickly to around 3% in the middle of this year because of lower energy prices, improved supply chains and restrictive monetary policy. The Bank projects that inflation will reach the 2% target by the end of 2024. -
April 3, 2023
Business Outlook Survey—First Quarter of 2023
Results from the first-quarter 2023 Business Outlook Survey and the Business Leaders’ Pulse surveys from January through March 2023 show a subdued sales outlook and plans for modest growth in capital expenditures. The labour market remains tight, but pressures have eased from high levels. -
January 25, 2023
Monetary Policy Report – January 2023
Inflation in Canada is still too high but has declined from its peak. As the effects of higher interest rates continue to spread through the economy, and with declines in energy prices and improved supply chains, inflation is projected to fall to around 3% in the middle of 2023 and reach the 2% target in 2024. -
January 16, 2023
Business Outlook Survey—Fourth Quarter of 2022
Results from the fourth-quarter 2022 Business Outlook Survey and the Business Leaders’ Pulse surveys from October 2022 through January 2023 show that business sentiment has continued to weaken. As a result of rising interest rates, firms’ sales expectations and investment plans are softening. Capacity pressures have moderated from elevated levels. In this context, firms expect a slower pace of price increases. -
November 29, 2022
Quarterly Financial Report - Third Quarter 2022
Quarterly Financial Report - Third Quarter 2022 - For the period ended September 30, 2022 -
October 26, 2022
Monetary Policy Report – October 2022
While inflation has come off its peak, it remains too high. As the economy responds to higher interest rates and as the effects of elevated commodity prices and supply disruptions fade, the Bank expects inflation to fall to about 3% in late 2023, then return to 2% in 2024. -
October 17, 2022
Business Outlook Survey—Third Quarter of 2022
Business confidence has softened, according to results from the third-quarter 2022 Business Outlook Survey and the July through October 2022 Business Leaders’ Pulse surveys. Many firms expect slower sales growth as interest rates rise and demand growth shifts closer to pre-pandemic levels. Early signs suggest that pressures on prices and wages have started to ease, but firms’ inflation expectations remain high.